NACUBO Publishes Guidance on Student Financial Agreements

Financial responsibility agreements ensure that students understand their obligations and protect the institution from risk of default. A new advisory report from NACUBO provides sample language that colleges and universities may want to consider in developing such agreements.

NACUBO's Student Financial Services Council developed the guidance led by John Hockersmith of the University of Illinois; Patrick Quinn of George Mason University; and Ken Wolterman from the University of Cincinnati. The sample language is available in both PDF and Word format to make it easier for members to use and revise the model language to meet their needs.